Kentucky Retirement Systems Insurance Trust Fund Buys 21,910 Shares of O’Reilly Automotive, Inc. $ORLY

Kentucky Retirement Systems Insurance Trust Fund increased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,302.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,592 shares of the specialty retailer’s stock after acquiring an additional 21,910 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in O’Reilly Automotive were worth $2,126,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORLY. B. Riley Wealth Advisors Inc. purchased a new stake in shares of O’Reilly Automotive in the second quarter worth $373,000. Newbridge Financial Services Group Inc. lifted its stake in shares of O’Reilly Automotive by 3,593.8% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 2,401 shares of the specialty retailer’s stock valued at $216,000 after buying an additional 2,336 shares in the last quarter. Advisory Services Network LLC boosted its holdings in O’Reilly Automotive by 1,810.8% in the 2nd quarter. Advisory Services Network LLC now owns 47,503 shares of the specialty retailer’s stock worth $4,671,000 after buying an additional 45,017 shares during the period. Anchor Investment Management LLC boosted its holdings in O’Reilly Automotive by 1,362.3% in the 2nd quarter. Anchor Investment Management LLC now owns 35,900 shares of the specialty retailer’s stock worth $3,236,000 after buying an additional 33,445 shares during the period. Finally, Asset Dedication LLC increased its stake in O’Reilly Automotive by 1,400.0% in the 2nd quarter. Asset Dedication LLC now owns 2,310 shares of the specialty retailer’s stock worth $208,000 after buying an additional 2,156 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

ORLY has been the topic of several research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of O’Reilly Automotive in a research report on Friday, October 31st. UBS Group reissued a “buy” rating and set a $120.00 target price (up previously from $115.00) on shares of O’Reilly Automotive in a research note on Wednesday, October 15th. Wolfe Research began coverage on O’Reilly Automotive in a report on Thursday, September 18th. They issued an “outperform” rating and a $121.00 price target on the stock. Morgan Stanley increased their price objective on shares of O’Reilly Automotive from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Finally, TD Cowen boosted their target price on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average price target of $112.05.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $94.11 on Monday. The company has a market cap of $79.44 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 2.22 and a beta of 0.61. O’Reilly Automotive, Inc. has a 1 year low of $78.30 and a 1 year high of $108.71. The stock’s 50 day simple moving average is $98.63 and its two-hundred day simple moving average is $98.20.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.The firm had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same period in the prior year, the company earned $11.41 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Philip M. Hopper sold 3,500 shares of O’Reilly Automotive stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $101.25, for a total value of $354,375.00. Following the completion of the transaction, the senior vice president directly owned 4,792 shares of the company’s stock, valued at $485,190. This trade represents a 42.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Christopher Andrew Mancini sold 2,355 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $101.31, for a total transaction of $238,585.05. Following the sale, the senior vice president owned 28 shares in the company, valued at $2,836.68. This represents a 98.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 8,980 shares of company stock valued at $882,335 in the last three months. Corporate insiders own 1.01% of the company’s stock.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.